The Tempest, a Liverpool city centre venue on Tithebarn Street, is set to close after five years. The owner of the building, Capital&Centric, confirmed the tenant has served three months' notice and will not be renewing the lease.
Venue listed for sale
The ECHO previously reported that The Tempest was listed on Rightbiz with a leasehold price of £99,950, and it remains listed at the time of writing. According to the listing, the venue has a turnover of £17,300 per week, just shy of £900,000 for the year. The description says: “Total seating for 340, across three floors, with alfresco for 90 and roof terrace for 70. Superb city centre location, surrounded by offices, places of work, hotels, other similar industry businesses, ample car parking.”
Tempest is part of the Ma Pub Group, which also oversees Ma Boyle's Alehouse & Eatery, Nova Scotia, Newington Temple and Café Tabac. The business spans more than 5,000 sq.ft. across its ground floor and basement event spaces, and also has a rooftop terrace that opens in good weather.
Owner's statement
Initially, owner and Ma Pub Group director Iain Hoskins told the ECHO that The Tempest had hoped to “negotiate a new lease and remain in the building and discussions with our landlord are ongoing”. However, Capital&Centric, which owns the building, confirmed this has not been the case.
A spokesperson for Capital&Centric said: “We can confirm that our tenant has served three months' notice and will not be renewing their lease. It's been a pleasure having them as part of the community at Tempest, and they've played a real part in making it the brilliant, characterful place it is. We wish them every success in whatever comes next.”
Recent break-in
The ECHO reached out to the Ma Pub Group, but they declined to comment. The news comes after the venue reached a five-year milestone, but what was supposed to be a celebratory day was ruined by a break-in in the early hours of Wednesday, May 27. The glass doors of The Tempest were left shattered, causing the venue to open later than usual.
When the venue first opened in the commercial district, it replaced Hus and Folk, creating around 40 jobs with a £250,000 refurbishment of the building.
